Magma Expands India Operations with move to expanded facility in Bangalore

Magma® Design Automation Inc. (NASDAQ: LAVA), a provider of semiconductor design software, today announced significant expansion of its operations in India with the inauguration of a new 40,000-square-foot facility in Bangalore. Magma is the only global EDA Company to have a three-city R&D footprint in India – it opened a new facility in Noida in 2006 and gained a Mumbai office as part of its November acquisition of Knights Technology.

Magma Expands India Operations with move to expanded facility in Bangalore

Adds another facility in Mumbai courtesy acquisition of Knights Technology

Bangalore, Janary. 30, 2007 – Magma® Design Automation Inc. (NASDAQ: LAVA), a provider of semiconductor design software, today announced significant expansion of its operations in India with the inauguration of a new 40,000-square-foot facility in Bangalore. Magma is the only global EDA Company to have a three-city R&D footprint in India – it opened a new facility in Noida in 2006 and gained a Mumbai office as part of its November acquisition of Knights Technology. The three facilities will enable Magma to expand significantly in the region, provide better support to its rapidly growing customer base in India and tap into the world-class engineering talent available in and around these three centers.

The opening ceremony for the Bangalore facility was presided over by Rajeev Madhavan, Magma chairman and Chief Executive Officer, and Roy E. Jewell, President and Chief Operating Officer of the company. They were joined by M N Vidyashankar, IT secretary, Government of Karnataka, and J. Parthasarathy, Director, STPI-Bangalore, as well as key customers and partners.

“Magma is focused on building on our success in chip design implementation to expand our product portfolio and address other markets, including circuit simulation and physical verification,” said Rajeev Madhavan, Chairman and CEO, Magma Design Automation Pvt. Ltd during the inauguration. “We are making significant investments in R&D, product engineering and applications engineering globally, and India will continue to play a significant role across these three areas.”

“The new facilities in Bangalore and Mumbai enhance further our ability to attract an increasing number of the talented engineers in India who will play a key role in developing products that fully address the RTL-to-silicon design flow and allow our users to reduce the turnaround time and costs of nanometer semiconductor design,” said Roy Jewell, Chief Operating Officer, Magma Design Automation Pvt. Ltd. “A globally distributed product development and support network gives Magma access to talent anywhere in the world to ensure our customers’ success.”

“India’s growing semiconductor market, depth of technology talent and excellent university and government-sponsored engineering training programs make Bangalore, an ideal location for Magma to expand,” said Anand AnandKumar, Managing Director of Magma Design Automation Pvt. Ltd. “We expect the India headcount to cross 200 this year.”

About Magma

Magma’s software for integrated circuit (IC) design is recognized as embodying the best in semiconductor technology. The world’s top chip companies use Magma’s EDA software to design and verify complex, high-performance ICs for communications, computing, consumer electronics and networking applications, while at the same time reducing design time and costs. Magma provides software for IC implementation, analysis, physical verification, characterization and programmable logic design, and the company’s integrated RTL-to-GDSII design flow offers “The Fastest Path from RTL to Silicon”™. Magma is headquartered in Santa Clara, Calif. with offices around the world. Magma’s stock trades on NASDAQ under the ticker symbol LAVA. Visit Magma Design Automation on the Web at www.magma-da.com.